neitzeljr
New Member

Can I utilize the de minimis safe harbor deduction on rental furniture in my property? How does this work and get calculated? What happens if I keep the furniture after

Hello, I'm renting my primary home for a year, which will be furnished for the renter.  Am I allowed to use the de minimis safe harbor deduction on that furniture if it is all under $2500 per item?  What happens after the year if I intend to no longer rent out my unit and keep the furniture?  Just trying to understand the tax laws and all help is appreciated, thanks in advance!